Investor Info

Click here to download capital build-up of Kotak Mahindra Bank as noted last on 23.09.2022

Financial Results: The Bank publishes the standalone and consolidated results on a quarterly basis. The standalone results are subjected to "Limited Review" by the auditors of the Bank. The same are also reviewed by the Audit Committee before submission to the Board. Along with the quarterly results, an earnings update is also prepared and posted on the website of the Bank. Every quarter, the Executive Vice-Chairman and Managing Director and the Executive Board Members participate on a call with the analysts / shareholders, the transcripts of which are posted on the website of the Bank. The Bank also has dedicated personnel to respond to queries from investors.
 

Financial Calendar: Kotak Mahindra Group's financial year ends on March 31. For each quarter, the financial results are reviewed and taken on record by the Board within 4 weeks from end of quarter and within 6 weeks for Annual Results. The audited annual accounts as at 31st March are approved by the Board, after a review thereof by the Audit Committee. The Annual General Meeting to consider such annual accounts is held in the second quarter of the financial year.

Stock Exchanges on which listed:

Trading of shares to be in compulsorily dematerialized form: The equity shares of the Bank have been activated for dematerialisation with the National Securities Depository Limited and with the Central Depository Services (India) Limited vide ISIN INE237A01028.
 

Share Transfer System: Applications for transfers, transmission and transposition are received by the Bank at its Registered Office or at the office(s) of its Registrars & Share Transfer Agents. As the shares of the Bank are in dematerialised form, the transfers are duly processed by NSDL/CDSL in electronic form through the respective depository participants. Shares which are in physical form are processed by the Registrars & Share Transfer Agents, Karvy Computershare Private Limited, on a regular basis and the certificates despatched directly to the investors.

Investor Helpdesk:Share transfers, dividend payments and all other investor related activities are attended to and processed at the office of our Registrars & Share Transfer Agents. For lodgement of Transfer Deeds and any other documents or for any grievances/complaints, kindly contact Karvy Computershare Private Limited, contact details of which are provided below.

For the convenience of the investors, transfers and complaints from the investors are accepted at the Registered Office between 9:30 a.m. to 5:30 p.m. from Monday to Friday except on bank holidays:

The Bank has a designated email-id investor.grievances@kotak.com for the purpose of registering complaints by the investors

Institutional Investors Contact:
Institutional Investors/Analysts can contact us on investor.relations@kotak.com for any queries.

Retail Shareholders Contact:
investor.grievances@kotak.com
Tel. No.: (022) 61661615
Time: 10 A.M to  05 P.M
Days: Monday to Friday

Details of Debenture Trustee 

Name: IDBI Trusteeship Services Limited
Email address: Asian Building, Ground Floor, 
17, R. Kamani Marg, Ballard Estate,
Mumbai – 400 001
Tel. No.: 022 40807000, +91 7208822299, +91 8591585821
Email: itsl@idbitrustee.com 

Registered Office:

All investor related activities / services are attended to and processed at the office of our Registrars & Transfer Agents. Also, for any grievances/complaints, kindly contact at the following address :

KFin Technologies Limited
Name of contact person: C Shobha Anand
(Deputy Vice President, Corporate Registry)
Email : shobha.anand@kfintech.com
Website : www.kfintech.com 

KFin Technologies Limited

Selenium Tower B, Plot 31 & 32,
Financial District, Nanakramguda, Serilingampally Mandal,
Hyderabad - 500 032, Telangana.
Email id - einward.ris@kfintech.com
Website: https://www.kfintech.com and / or https://ris.kfintech.com/
Toll free number - 1- 800-309-4001

KFin Technologies Limited

813, The Summit Business Bay,
Behind Gurunanak Petrol Pump
Next to new Western Express Metro Station
Andheri Kurla Road, Andheri East
Mumbai - 400 093, Maharashtra, India
Tel: (022) 26367226/ 9044
Fax: (022) 26310882

Pursuant to Section 124(5) of the Companies Act, 2013, dividends that are unclaimed for a period of seven years get transferred to the Investor Education and Protection Fund administered by the Central Government. The table given below gives the dates of dividend declaration since 2010-2011 and the corresponding dates when unclaimed dividends are due to be transferred to the Central Government in respect of Kotak Mahindra Bank Limited and the erstwhile ING Vysya Bank Limited.

Details of unpaid / unclaimed dividend warrants of KMBL for the years 2014-15 to 2020-21:

Transfer of Equity Shares of the Bank to Investor Education and Protection Fund (IEPF) Suspense Account.
MCA has notified the applicability of Section 124(6) with effect from 7th September 2016, which provides that all shares in respect of which dividend has not been paid or claimed for seven consecutive years or more, shall be transferred by the Company in the name of IEPF.

Details of shares transferred to IEPF Suspense account.

Kotak Mahindra Bank Limited Dividend Pay Out History

We are pleased to inform you that the Board of Directors of Kotak Mahindra Bank Limited ("Bank"), at their meeting held on May 4, 2022, have recommended a dividend of Rs. 1.10 per Equity Share having nominal value of Rs. 5/- each for the financial year ended March 31, 2022, subject to the approval of Members at the Thirty-Seventh Annual General Meeting ("AGM") scheduled to be held on August 27, 2022.

As you are aware that pursuant to the provisions of the Income-tax Act, 1961 ("Act"), as amended by the Finance Act, 2020, dividends paid or distributed by a company after April 1, 2020 shall be taxable in the hands of the Shareholders. Shareholders are hereby informed that the Bank is under an obligation to deduct tax at source ("TDS") at applicable rates in accordance with the provisions of the Act.

The dividend, as recommended by the Board, and if approved at the ensuing AGM, will be paid to those Shareholders holding Equity Shares of the Bank, as on the Record Date i.e August 12, 2022.Shareholders whose bank accounts are registered with the Depository Participant/Registrar and Transfer Agent shall receive electronic credit of dividend and in case of Shareholders whose bank accounts are not registered; dividend shall be paid through physical warrants.

Please note that since this Dividend will be declared at AGM to be held on August 27, 2022, it will be taxable in your hands in FY 2022-23. Thus, all the details and declarations furnished should pertain to FY 2022-23.

SECTION A: FOR ALL SHAREHOLDERS - UPDATION OF DETAILS, AS APPLICABLE

All Shareholders are requested to ensure that the below details are completed and/or updated, as applicable, in their respective Demat account(s) maintained with the Depository Participant(s); or in case of shares held in physical form, with the Registrar and Transfer Agent in the Register of Members, on or before the Record Date, i.e. August 12, 2022.

Please note that the following details, in case you had already registered with the Bank, as available with the Bank in the Register of Members/Register of Beneficial Ownership maintained by the Depositories will be relied upon by the Bank, for the purpose of complying with the applicable TDS provisions:

• Valid and operative Permanent Account Number ("PAN").
• Residential status as per the Act i.e. Resident or Non-Resident for FY 2022-23.
• Category of the Shareholder viz. Mutual Fund, Insurance Company, Alternate Investment Fund ("AIF") Category I and II, AIF Category III, Government (Central/State Government), Foreign Portfolio Investor ("FPI")/Foreign Institutional Investor ("FII"): Foreign Company, FPI/FII: Others (being Individual, Firm, Trust, Artificial Juridical Person, etc.), Individual, Hindu Undivided Family ("HUF"), Firm, Limited Liability Partnership ("LLP"), Association of Persons ("AOP"), Body of Individuals ("BOI") or Artificial Juridical Person, Trust, Domestic Company, Foreign Company, etc.
• Email Address.
• Residential Address

Further to bring to your attention-

• Section 206AB of the Act has been introduced by the Finance Act, 2021, effective from July 1, 2021, whereby in case of 'specified person', TDS will be higher of the following:
  • Twice the rate specified in the relevant provision of the Income-tax Act; or
  • Twice the rate or rates in force; or
  • the rate of five per cent.

The 'specified person' means a person who has:

• not filed return of income for the assessment year relevant to the previous year immediately preceding the financial year in which tax is required to be deducted, for which the time limit of filing return of income under sub-section (1) of Section 139 of the IT Act has expired; and
• subjected to tax deduction and collection at source in aggregate amounting to Rs. 50,000 or more in such immediate previous year.

The non-resident, who does not have the permanent establishment in India, is excluded from the scope of the 'specified person'. (Please download the declaration format given as Annexure-5)

For the purpose of TDS, the Bank will be relying on the information from the Government enabled online facility to verify the status (i.e., Specified Person or not) and deduct TDS accordingly.

SECTION B: TDS PROVISIONS AND DOCUMENTS REQUIRED FOR RESPECTIVE CATEGORY OF SHAREHOLDERS

Shareholders are requested to take note of the following TDS rates and additional information required by the Bank for their respective categories.

A RESIDENT SHAREHOLDERs

B NON-RESIDENT SHAREHOLDERS:

Tax deductible at source for non-resident Shareholders

Please note that the Bank, in its sole discretion, reserves the right to call for any further information and/or to apply domestic law / DTAA for TDS. In case of ambiguous, incomplete or conflicting information, or the valid information/documents not being provided, the Bank will deduct tax at the rates applicable as per the Act.

The required documents have to be uploaded on the portal https://ris.kfintech.com/form15 of KFin Technologies Limited, Registrar and Share Transfer Agent of the Bank or email at einward.ris@kfintech.com, on or before August 13, 2022.

Please note that the Bank will not be able to consider the documents/communication on the tax determination /deduction uploaded or mailed on portal after August 13, 2022.

Notes:

• Application of TDS rates are subject to due diligence and verification of the Shareholder details as available in register of members on the record date and any other additional documents that may be submitted on or before August 13, 2022.
• All documents to be submitted are required to be self-attested (the documents should be signed by Shareholder/authorised signatory stating the document to be "certified true copy of the original"). Benefits depend upon availability of the documents within the time specified and verification of the same by the Bank.
• Members may note that in case the tax on said dividend is deducted at a higher rate in absence of timely receipt, or insufficiency/incomplete/incorrectness of the aforementioned details/documents from you, an option is available to you to file the return of income as per the Act and claim an appropriate refund, if eligible. No claim shall lie against the Bank for such taxes deducted.
• In case of non-resident Shareholder, in the event of mismatch in the category of Shareholder as per the register of members and as per fourth letter of PAN, the Bank would consider category to which higher surcharge rate applicable.
• In case of joint Shareholders, the Shareholder named first in the Register of Members is required to furnish the requisite documents for claiming any applicable beneficial tax rate.
• In case, the dividend income is assessable to tax in the hands of a person other than the registered Shareholder, as per Rule 37BA, the TDS shall be deducted in the name of such other person if the registered Shareholder provides a declaration as prescribed in this regard. (Please download the Link given as Annexure-6). The registered Shareholder is required to furnish a declaration containing the name, address, PAN of the person to whom TDS credit is to be given and reasons for giving credit to such person.
• The above communication on TDS sets out the provisions of the law in a summary only and does not purport to be a complete analysis or listing of all potential tax consequences. Shareholders should consult with their own tax advisors for the tax provisions that may be applicable to them.
• For those whose PAN is found to be valid, the Bank will arrange to email a soft copy of the TDS certificate to the registered email IDs of the respective Shareholders in due course. The TDS amount will also be reflected in Form 26AS of the Shareholder, which can be downloaded from their e-filing account at https://www.incometax.gov.in/iec/foportal/

Please reach out at einward.ris@kfintech.com, for any queries.